MARVIN MANDEL, Governor

937

USE, RENTAL, OR LEASE OF ANY FACILITIES NOT PART OF THE
CONDOMINIUM;

(6)    A COPY OF ANY LEASE TO WHICH IT IS
ANTICIPATED THE UNIT OWNERS OR THE COUNCIL OF UNIT OWNERS
WILL BE A PARTY FOLLOWING CLOSING;

(7)    A DESCRIPTION OF ANY CONTEMPLATED
EXPANSION OF THE CONDOMINIUM WITH A GENERAL DESCRIPTION
OF EACH STAGE OF EXPANSION AND THE MAXIMUM NUMBER OF
UNITS THAT CAN BE ADDED TO THE CONDOMINIUM;

(8)    A COPY OF THE FLOOR PLAN OF THE UNIT;

(9)    A DESCRIPTION OF ANY RECREATIONAL OR
OTHER FACILITIES WHICH ARE TO BE USED BY THE UNIT OWNERS
AND MAINTAINED BY THEM OR BY THE COUNCIL OF UNIT OWNERS
AND A STATEMENT AS TO WHETHER OR NOT THEY ARE TO BE PART
OF THE COMMON ELEMENTS;

(10)   A STATEMENT AS TO WHETHER STREETS WITHIN
THE CONDOMINIUM ARE TO BE DEDICATED TO PUBLIC USE OR
MAINTAINED BY THE COUNCIL OF UNIT OWNERS; AND

(11)   IN THE CASE OF CONDOMINIUMS CONTAINING
BUILDINGS SUBSTANTIALLY COMPLETED MORE THAN FIVE YEARS
PRIOR TO THE RECORDATION OF THE DECLARATION, A STATEMENT
OF THE PHYSICAL CONDITION AND STATE OR REPAIR OF THE
MAJOR STRUCTURAL, MECHANICAL, ELECTRICAL, AND PLUMBING
COMPONENTS OF THE IMPROVEMENTS TO THE EXTENT REASONABLY
ASCERTAINABLE. THE VENDOR IS ENTITLED TO RELY ON THE
REPORTS OF ARCHITECTS OR ENGINEERS AUTHORIZED TO PRACTICE
THEIR PROFESSION IN THIS STATE.

YOU WILL HAVE THE RIGHT TO CANCEL THIS CONTRACT,
WITHOUT PENALTY, AT ANY TIME (1) WITHIN 15 DAYS FOLLOWING
DELIVERY TO YOU OF ALL OF THIS INFORMATION OR (2) WITHIN
FIVE DAYS FOLLOWING DELIVERY TO YOU OF ANY CHANGES OR
AMENDMENTS TO THIS INFORMATION.

Section 11-124 Comments:

This Section has been redrafted to avoid several
technical problems while retaining the substantive
provisions of the old section. A new notice requirement
has been added and all contracts for the sale of
condominium units must contain the form of notice
provided in new subsection (I) in order to be
enforceable. This will make contract purchasers aware of
their rights under this Section.

[[11-125.

(A)          PRIOR TO THE FIRST MEETING OF THE COUNCIL OF

UNIT OWNERS FOLLOWING THE DATE ON WHICH UNITS HAVING A
MAJORITY OF VOTES IN THE CONDOMINIUM HAVE BEEN GRANTED TO
THE PUBLIC, THE COUNCIL OR UNIT OWNER MAY NOT ENTER INTO
ANY EASE, MANAGEMENT CONTRACT, EMPLOYMENT CONTRACT          OR